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Wyckoff Trading Range

Wyckoff Trading Range Indicator - an indispensable tool for the astute trader. Uniquely capable of identifying and charting Wyckoff trading ranges, this indicator not only accurately pinpoints accumulation and distribution phases but also marks key events, ensuring you never miss significant trading opportunities. Moreover, with the ability to calculate target profits through the Point and Figure (PNF) method, this indicator becomes a powerful assistant, enabling you to make informed, calculated trading decisions. Let the Wyckoff Trading Range Indicator unlock the door to success in your trading world.

⭐️ Wyckoff Price Cycle

According to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure below. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.

⭐️ FEATURES
- Supply and Demand Zones: <deleted>
- Wyckoff Schematics and Events.
- Point and Figure (PNF) Target.

* View with PNF chart

⭐️ USAGES

When it comes to trading using the Wyckoff method, there are five key points to consider for entering trades, as illustrated below

Point #1: Trade in the direction of the previous trend (Phase B)
Point #2: Trade against the previous trend. (Phase B)
Point #3: Identify the point of strength that forms a new trend. (Phase C)
Point #4: Confirm the new trend. (Phase D)
Point #5: Ensure that prices move in the correct direction and do not revert within the Trading Range (dont break LPS/LPSY). (Phase E)

⭐️NOTES:
- Use the 1 minute or 5 minute timeframe to view the bias dashboard. Using a timeframe longer than 5 minute may provide an inaccurate bias view.
- The alert new TR function will give you alert 6 timeframe on dashboard with only one setup. The best timeframe to set up an alert is 2 hours.

リリースノート

Optimize code

リリースノート

- Fix label events.
- Merge 4 offsets into 1 and rename it to “Radius.”

リリースノート

Hot fix: Correct TP on bias dashboard.

リリースノート

Set default radius = 20 to get better TR

リリースノート

Correct min and max tp on bias dashboard

リリースノート

- Refactor code
- Tweak some settings to get better TR and TP PNF

リリースノート

- Add a “Normal” mode for TR search. “Delta” mode (default) is used in versions lower than 1.0.7.
- Update the HTF Top/Bot Trading Range inspired by PDH/PDL.

リリースノート

- Fix typo.

リリースノート

- Add new setting "Max Trading Range"

リリースノート

- Fix SDZ and LPS/LPSY bugs.

リリースノート

- Update max_boxes_count to 500

リリースノート

- Rewrite Liquidity and SCOB
- Update EQH/EQL

リリースノート

- Refactor code

リリースノート

- Fix bugs.
- Optimize code.

リリースノート

- Fix volume zone.

リリースノート

- Update buy/sell signal

リリースノート

- Fix bugs

リリースノート

- Update text size

リリースノート

- Remove Snd.
- Remove Liquidity.
- Remove Signals.
- Rewrite new logic for finding/analyzing Trading Range.

リリースノート

Optimize code

リリースノート

- Fix bug

リリースノート

- Add option Line width

リリースノート

- Fix alert

リリースノート

1. Update to version 2
2. Notes:
- Select the appropriate notification in the settings.
- All timeframes selected in the Dashboard will receive notifications.
- Notifications should not be used for version 2.0.a (because it uses ATR).
- Notifications should be set at the 1-minute timeframe. Setting it at a higher timeframe may cause delays.